C orporate governance has become an important issue for Chinese and Indian firms as they increasingly interact with regulators and investors from developed markets. For instance, tapping into global capital markets to raise funds to finance their domestic and international growth requires firms from China and India to demonstrate strong corporate governance credentials, so that investors do not discount their stock (LaPorta, Lopez-de-Silanes, Shleifer, & Vishny, 2000). The swift action of Chinese and Indian authorities in response to recent corporate scandals – such as the one at Satyam Computers – reveals that even governments in emerging countries such as China and India see the need to promote good corporate governance to ensure the inflow of capital and the outflow of products. Furthermore, understanding corporate governance standards and issues in China and India is also important to executives of foreign multinationals doing business in these two countries. As concerns about corporate governance gains ascendancy in corporate board rooms and offices of policy makers, business scholars’ interest in these issues have also grown significantly, as evidenced by the number of publications on the topic (e.g., Rajagopalan & Zhang, 2008). It is this growing importance of corporate governance to the next phase of development of the Chinese and Indian economies that inspired William Q. Judge, Editor-in-Chief, and us to put together a conference and special issue on the topic for this journal.